Parliament set to vote Wednesday on amendments to Brexit plan. pound risk reversals, a gauge of relative demand for bullish or bearish options. PRICE LEVEL: BULLISH TP: 1.3300 BEARISH TP: 1.2840 ENTRY: 1.3200
109.00 Short JPY Has Bulling sign as one of the safe haven currencies that is taking the lead to start.
As the DXY shows signs of weakness, I will be keeping an Eye out for the Bear move at 1.33500
Gold has been a major indicator and safe haven for currencies are taking the lead to start the New Year.
- note Look at the DE02Y -1.18% & DXY 0.21% for confirmation. - US Dollar 0.21% slight weakness
shorting USDCHF Based of the over bought zone of the PP R3 Level returning below the monthly level. - note Look at the DE02Y & DXY for confirmation. - US Dollar slight weakness
EURCHF Long 1.16500 must brake 21MA. 1.1500 Support Level 1.1800 Resistance Level
Base off my study we have divergence on the 1H chart which confirms long bias for this week. @ 3 am EST during the Euro session the market will push bullish after the Asian market retracement.
Base off of the Weekly Trend seeing a possible position to go long
Trading bat pattern taking 3 TP: Take Profit levels over 400 pips goal
enter at 103.425 on 04-13-2013 stop loss at 103.784 Target at 104.338 there was a retest at the .5 braking the .618
Enter trade as a sell, at the .96398 point and ride it out until it hits .96162 point.
USDCHF more supporting signal in weekly charts showing growth. plus with Mondays CHF Consumer Price Index (MoM) (Apr) & CHF Consumer Price Index (YoY) (Apr) might not look so strong of an effect.
Doing a little research looking back at the the big short of Jan 2015 looking for future trends